Log In

Cardano Holds Steady As Top 10 Crypto | ABC Money

Published 10 hours ago6 minute read

On June 9, 2025, Cardano (ADA) had a market value of $23.44 billion and was the 10th biggest cryptocurrency. Although the price is $0.6631, the token has risen by only 0.32% today, showing it is holding its ground in an unstable market.

As of now, ADA costs $0.6631 and trades with a volume of $523.19 million, which is 46.24% higher than before. With more volume traded, greater investor interest may be due to news, turning points in the market, or both, even though prices slightly went up every day.

Cardano’s market cap of $23.44 billion makes it a solid position holder. Multiplying ADA’s cost by its float of 35.34 billion units reveals how well Cardano is doing, but it still doesn’t reach the level of Bitcoin and Ethereum.

The FDV of Cardano stands at $29.84 billion, based on the fact that all 45 billion ADA tokens could be part of the market. The difference between the present price and FDV shows that more growth can happen as more tokens are adopted over the years.

44.99 billion ADA exists in Cardano; the maximum number possible is 45 billion. The amount of Bitcoin in circulation, 35.34 billion, is close to three-quarters of the total number of Bitcoins. This process can control inflation, and ADA is expected to keep its value in the long term.

Around 2.23% of Cardano’s total market capitalization is invested in a 24-hour trading volume of $523.19 million. This ratio shows that investors can easily buy or sell their ADA, which adds to the market’s assurance.

The daily growth of 0.32% reflects what Cardano has already been accomplishing recently. Trading information from earlier indicates a small fall in ADA to $0.76 in late May of 2025. At the same time, a growing trading volume suggests that bullish sentiments could last for some time.

The blockchain behind Cardano is known for its research focus on making it strong and sustainable. Cardano uses its proof-of-stake protocol, Ouroboros, so it is more energy-efficient than Bitcoin’s proof-of-work protocol. Many developers and investors pursue blockchain because it is useful for building green, transferable solutions for applications without a central authority.

Cardano’s community is strong, with more than 2 million active addresses reported these days. New changes, such as the Chang hard fork, keep improving governance and smart contracts for the developer community. Such encouragement from the community makes ADA’s future growth seem positive.

Most posts on X report uplifting information, as analysts stress the strong structure of Cardano. Some experts anticipate further gains since the prices look similar to past trends and the fundamentals are strong. Still, doubts exist because critics mention DeFi has less activity than Ethereum and similar protocols.

Ethereum, Solana, and various newly emerged layer-1 chains compete with Cardano. While DeFi is mainly about Ethereum, Cardano beats Ethereum in terms of lower transaction costs and its friendly environmental approach. Even though it is worth $23.44 billion, its cap is less than Ethereum’s but more than Solana’s.

Currently, there is approximately. $300 million in Cardano’s DeFi ecosystem, much less than the TVL on Ethereum. Still, recent posts on X say that the TVL has increased by 178 times since January 2022, which points to more users on Cardano.

On Changelly and similar sites, analysts think ADA might jump to $0.744 by June’s close since the ecosystem is expanding rapidly. A number of analysts on X suggest that the same price pattern as in 2021 could mean another rally. Even so, it is difficult to determine these predictions because of the constant ups and downs in crypto prices.

Some experts indicate that ADA’s key support is at $0.66 and its main resistance is at $0.68, as highlighted by X. RSI is currently neutral and is close to the 200-day moving average. A breaching of $0.68 may display a growing bullish market trend for Cardano.

With the latest enhancements, Cardano allows stakeholders to decide on important protocol changes. Unlike centralized systems, this approach fosters customers’ trust. With the Chang hard fork in 2024, the on-chain governance has improved, which has attracted early investors for a long time.

The use of the Ouroboros protocol in Cardano makes the system more energy-efficient and solves Bitcoin’s environmental issues. The system becomes more scalable since computation and settlement are in different layers. Thanks to these features, Cardano attracts organizations that pay attention to the environment and task completion.

Even so, Cardano encounters some problems. There are those who say that the stablecoins offered by the DeFi of Solana reach just $21 million, and that the yearly app revenues stand at a low $735. People are adopting the changes, but Ethereum remains much more popular. It is vital to get past these hurdles for Cardano to become widely accepted.

The price of Cardano, $0.6631, and its market cap of $23.44 billion appeal to some interested investors. Its low fees and environmental friendliness attract developers and investors. Still, investors should be careful because of frequent market swings and faster blockchains that can compete with Ethereum.

Crypto regulation is still uncertain. Thanks to Charles Hoskinson’s focus on abiding by laws, Cardano is seen in a good light. Posts on X point out Hoskinson’s support for firm rules, which may make Cardano more attractive to giant investors.

Cardano plans to get scalability enhancements and expand its DeFi services in the future. Because of its solid community and technology, some analysts expect ADA to hit $1 by 2025. This can happen if Cardano manages to expand its ecosystem and stay in line with market trends.

Cardano’s use is increasing in areas where quick and inexpensive payments play a major role. Using blockchain technology for identity solutions in Africa confirms its true use in real life. Relying on practical features may increase the value of ADA as people adopt it worldwide.

Those who invest money in securities encounter possible risks from market swings and new rules or restrictions by regulators. Some investors might avoid Cardano because its DeFi activities are not as high as Ethereum’s. On the other hand, economic decisions like raising interest rates could influence crypto rates, possibly making ADA’s price decrease quickly despite its basic strengths.

It remains one of the biggest cryptocurrencies, with a $23.44 billion market cap and lots of supporting activity in its ecosystem. Being environmentally friendly, supported by a strong community, and having a good governance system, it is set to grow. Cardano’s efforts to become scalable and popular indicate that it will thrive in the future of crypto.

Origin:
publisher logo
ABC Money

Recommended Articles

Loading...

You may also like...